ICICI Bank to raise Rs 100 bn via infra bonds

06 Sep 2022 CW Team

These long-term bonds have the advantage of not having to maintain a cash reserve ratio (CRR) or a statutory liquidity ratio (SLR).

This assists them in mitigating the asset-liability management (ALM) issues that arise when granting project loans to the infrastructure and core industries sectors. According to bond market sources, these bonds could be issued in one or more tranches depending on the requirements and market conditions.

ICRA has awarded a "AAA" rating to ICICI Bank's proposed infrastructure bond issue.

At the end of June 2022, ICICI Bank has borrowed Rs 388.09 billion through long-term infrastructure bonds. According to the bank's investor presentation for Q1 FY23, it is up from Rs 221.39 billion a year before.

Also Read:
Shrem InvIT to monetise operational roads
SAIL provides special DMR grade steel for INS Vikrant

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..